industry trends

Year in Review: Survey Results Portray a Very Friendly Industry

Year in Review: Survey Results Portray a Very Friendly Industry

Players in the biometrics industry are remarkably open to working with each other, suggest results from FindBiometrics’ latest Year in Review survey. Question 18 of the survey asked how much respondents agreed with the statement, “Industry cooperation through partnerships and alliances is crucial in meeting the market demands of biometrics.” The answers showed an overwhelming…

Year in Review: The Rise of the Machines

Year in Review: The Rise of the Machines

Looking back, the FindBiometrics Year in Review survey question about artificial intelligence was a bit of a no-brainer. Question 14 asked respondents to indicate how much they agreed with the following statement: “Artificial intelligence will make voice, speech, and face recognition biometrics integral to everyday life.” Eighty-three percent of respondents agreed, with 37 percent saying…

INTERVIEW: Precise Biometrics CEO Stefan K. Persson Talks Multimodality, Smart Cards, and More

INTERVIEW: Precise Biometrics CEO Stefan K. Persson Talks Multimodality, Smart Cards, and More

Precise Biometrics has established itself as a world leader in supplying fingerprint algorithm software. The company has also proven adept at maneuvering to navigate the market changes that have ensued, from the dramatic rise of smartphone-based fingerprint sensors to that market’s saturation to the expansion to multimodal capabilities. Precise Biometrics also has a relatively new…

Good News: Organizations are Finally Embracing Post-Password Security

Good News: Organizations are Finally Embracing Post-Password Security

“The increase in strong authentication adoption makes sense given that while data breaches, phishing threats and regulatory pressures have risen, the financial and user experience costs associated with implementing strong authentication have decreased.” – Al Pascual, SVP and Research Director, Javelin Strategy & Research Finally, some good news about the current state of digital security:…

Year in Review: Apple Has Helped Make the Case for Facial Recognition

Year in Review: Apple Has Helped Make the Case for Facial Recognition

The biometrics industry is, for the most part, grateful for Apple’s promotion of facial recognition technology, suggest the responses to one of the most timely questions in FindBiometrics’ latest Year in Review survey. Question Nine of the survey asked whether respondents agreed with the statement, “Apple’s continued commitment to facial recognition has helped demystify face…

Voice Recognition Market Expected to Hit $15.5B by 2029: IDTechEx Research

Voice Recognition Market Expected to Hit $15.5B by 2029: IDTechEx Research

Voice recognition technology has been commercially available since Radio Rex hit store shelves in the 1920s, but it is only in the past decade that it started making serious inroads into the consumer market. The latest research suggests that trend will continue in the next ten years.   A new report from IDTEchEx Research suggests…

APAC Mobile Biometrics Market Undergoing ‘Strong Growth’: Frost & Sullivan

APAC Mobile Biometrics Market Undergoing ‘Strong Growth’: Frost & Sullivan

“Key driving factors include growing adoption in mobile banking applications, collaborative innovations, updating smart devices, and, of course, security concerns.” As the mobile biometrics revolution continues, the APAC market will play an important role in driving growth, suggests Frost & Sullivan. Announcing a new report focused on the APAC region, the market research firm asserts…

Year in Review: The Top Applications for Biometrics in 2018

Year in Review: The Top Applications for Biometrics in 2018

People in the biometrics industry were really into FinTech last year, suggest the results to the second question of FindBiometrics’ Year in Review survey for 2018. The question asked, “Which of the following areas of application for biometrics has been the most interesting to you in 2018?” and listed answers such as “Healthcare”, “Border Control”,…

Year in Review: Industry Insiders Show Enthusiasm for Expedited Biometric Airport Screening

Year in Review: Industry Insiders Show Enthusiasm for Expedited Biometric Airport Screening

The vast majority of people in the biometrics industry and adjacent areas are interested in biometric expedited border screening programs, suggest results from FindBiometrics’ Year in Review survey. The data comes from Question Seven, which asked, “Are you part of a biometrics enabled expedited traveler screening program (ie. PreCheck, Nexus, etc.” This refers to programs…

Year in Review: The Biggest Biometric Modalities of 2018

Year in Review: The Biggest Biometric Modalities of 2018

The results are in for the latest FindBiometrics Year in Review Survey, with at least some of them confirming the biggest trends observed over the course of 2018. And this can be seen clearly in the responses to Question Three of the survey in particular, which asked, “From your perspective, which biometric modality has been…

Behavioral Biometrics Market to Reach $3.9B by 2025: Report

Behavioral Biometrics Market to Reach $3.9B by 2025: Report

The behavioral biometrics market is really going to come into its own over the next several years, suggests a new report from Allied Market Research. The firm estimates that the global behavioral biometrics market was valued at about $720.5 million in 2017, and that it will reach a whopping $3.922 billion by the year 2025.…

Survey Research Finds Low Appetite for Strict Regulation of Facial Recognition

Survey Research Finds Low Appetite for Strict Regulation of Facial Recognition

“Only 26 percent of respondents agreed that the government should “strictly limit” the use of facial recognition, with about 45 percent disagreeing. “ With government authorities, tech company leaders, and voices from the media and activist groups having entered into a particularly heated phase of the debate over the public use of facial recognition over…

Mobile Biometric Payments On the Ascent in Latest Goode Forecast

Mobile Biometric Payments On the Ascent in Latest Goode Forecast

“This trend is part of the larger mobile biometrics boom, with Goode Intelligence forecasting in its report that mobile biometric payments will amount to $1.67 trillion per annum by the end of the forecast period.” Mobile payments are going to keep climbing as the mobile biometrics boom continues to unfold in the world of financial…

Expedited Biometric Traveler Processing Market to Reach $1.3B by 2022: Acuity

Expedited Biometric Traveler Processing Market to Reach $1.3B by 2022: Acuity

“Acuity Principal Maxine Most estimates that there are currently about 5,600 biometric eGates and kiosks deployed at over 300 locations in 80 countries, and that this number will triple by 2022.” The expedited traveler screening enabled by biometric technology at airports is going to continue its ascent over the next few years, suggests a new…

Financial Services Leaders Want Biometric Smart Cards: Survey

Financial Services Leaders Want Biometric Smart Cards: Survey

Financial services industry leaders have a strong appetite for biometric payment cards and are even willing to pay for one, suggest the results of a Zwipe survey at last week’s Fintech Connect event in London. Eighty percent of respondents said their payments are ‘always’ contactless, with 19 percent saying they make contactless payments ‘sometimes’. More…

Year in Review: Facial Recognition Was in the Spotlight in 2018, Warts and All

Year in Review: Facial Recognition Was in the Spotlight in 2018, Warts and All

Facial recognition technology has had a big year, in good ways and bad. On the positive side, Apple signaled a more or less definitive switch to 3D facial recognition as the primary mechanism for user authentication on its flagship smartphones: Having made a big splash last year with its introduction of Face ID on the…

Facial Recognition Has Shown 20X Improvement Since 2014: NIST

Facial Recognition Has Shown 20X Improvement Since 2014: NIST

Those in the biometrics industry know intuitively that facial recognition has advanced by leaps and bounds in recent years, but a new report from the National Institute of Standards and Technology (NIST) puts numbers to just how far the state of the art has come. NIST, which is the world’s premier agency in the evaluation…

Year in Review: The Rise of In-Display Fingerprint Biometrics

Year in Review: The Rise of In-Display Fingerprint Biometrics

This week brought some important news in the world of mobile biometrics: At its Snapdragon Technology Summit, Qualcomm announced that it had developed a new, ultrasonic in-display fingerprint sensor. Called the 3D Sonic Sensor, it was unveiled alongside Qualcomm’s Snapdragon 855 Mobile Platform, its flagship chip solution for the coming year. Together with the launch of…

Will 2019 be the Year Biometric Systems are Truly Tested by Hackers?

Will 2019 be the Year Biometric Systems are Truly Tested by Hackers?

“…2019 could be a year in which major hack attacks demonstrate which biometric security systems are truly effective and which are outdated, if Experian’s prediction is proven right.” Experian’s sixth annual Data Breach Industry Forecast finds biometrics in the crosshairs. Assessing the five major security threats expected for 2019, the report predicts that hackers will…

Thanksgiving Travel Stats Show Benefits of Biometric Screening

Thanksgiving Travel Stats Show Benefits of Biometric Screening

In terms of traveler volumes, this was the busiest Thanksgiving in the Transportation Security Administration’s history, and the stats point to the value of its TSA PreCheck biometric screening program. The TSA says that Sunday, November 25th, saw 2.7 million travelers pass through TSA screening, making it the single busiest day for travel in its…

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